New business starts-ups and insolvency-related activity were both on the rise across the UK and in Yorkshire and the Humber last month, according to the latest findings from the UK’s insolvency and restructuring trade body, R3.
The research, based on an analysis of data provided by Creditsafe, shows a 27% increase in insolvency-related activity in the region in March, with new business start-ups increasing by 12% in the same month.
Insolvency-related activity, which includes liquidator and administrator appointments and creditors’ meetings, rose across every UK region, with Northern Ireland’s increase the largest at 100% and Wales’ the smallest at 6%, on February’s figures.
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